Research

Report

Advance: International Towers Sydney March 2013

The Sydney CBD is a global finance centre. The accommodation requirements of tenants in the financial and professional services industry sectors are evolving. Sydney's stock, however, is ageing. Almost 50% of stock is in excess of 30 years old. Increasingly, Sydney's building stock reflects the design and characteristics of the 1980s or earlier.

New development activity, including International Towers Sydney, is re-shaping Sydney's future. In this paper Jones Lang LaSalle provide a medium and long-term demand outlook and the impact on vacancy rates as new developments reach practical completion.​